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China, Russia to further expand investment, energy deals

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Staff Writer | April 14, 2017
Zhang Gaoli
Cooperation   The fourth meeting

China and Russia have agreed to further expand investment and energy cooperation to promote bilateral ties.

The pledges came out of the fourth meeting of the China-Russia Investment Cooperation Committee, co-chaired by visiting Chinese Vice Premier Zhang Gaoli and Russian First Deputy Prime Minister Igor Shuvalov, and the meeting between Zhang and Russian Deputy Prime Minister Arkady Dvorkovich in Moscow.

The main task of the committee meeting is to have in-depth discussions about new measures to lift the scale and level of the investment cooperation between the two countries, turning the advantages of high-level political ties into more cooperation results, Zhang said.

The committee meeting is also meant to prepare for meeting between leaders of the two countries later this year, he said.

Zhang put forward three proposals to boost two-way investment cooperation. He called on both countries to further synergize China's Belt and Road Initiative and Russia's Eurasian Economic Union to give full play to the role of investment cooperation on integrating the two sides' interests, complementing resources, synergizing industries, and conducting technology exchanges, among others.

The two countries need to actively explore cooperation on the third-party market, he said.

Besides, Zhang encouraged the two countries to continue to boost cooperation on major projects and properly implement the projects they've agreed upon.

China is ready to take an active part in the development of Russia's Far East, Russia's import substitution strategy and privatization process, and jointly set up more symbolic investment cooperation projects, the vice premier said.

He also suggested both sides enhance regional cooperation and the cooperation between small- and medium-sized enterprises from the two countries.

China has always viewed Russia as its top priority partner for investment cooperation, said Zhang.

He said China hopes that the two sides will continue to give full play to the complementary advantages in such areas as resources, market, industry, technology, capital and human resources to benefit common development.

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